Portage Ventures led a $17m financing round in Conduit.

Portage Ventures, a fund investing in financial technology companies from the early stage, led a $17m financing round in Conduit, a company that helps to integrate decentralised financial products, with participation from Diagram Ventures, FinVC, Gemini Frontier Fund, Gradient Ventures, Core Innovation Capital, Inovia Capital, Gaingels, Discovery Ventures and Jump Crypto. “There has been unprecedented interest in DeFi this past year, but still huge hurdles for the average consumer to access this new economy. We’re excited to back Conduit, as we believe bridging the DeFi and Fintech worlds is a massive opportunity. The Conduit API will allow a whole new set of consumers to participate directly from platforms they already use. We’re already seen significant interest from both Fintechs and corporates in Conduit’s solution,” Stephanie Choo, Portage Ventures Partner.